Bank FD Comparison Tool
ESAF Small Finance Bank vs Muthoot Capital Services Ltd Fixed Deposit Comparison 2026
Compare Fixed Deposit interest rates, maturity amounts, and features between ESAF Small Finance Bank (Private Sector) and Muthoot Capital Services Ltd (Private Sector).
ESAF SFB
Private Sector
VS
Muthoot Finance
Private Sector
ESAF SFB: Min ₹1,000
Muthoot Finance: Min ₹1,000
DICGC Insured up to ₹5 Lakhs
Compare Your FD Returns
Adjust the parameters below to see how returns compare between the two banks
₹
Five Lakhs rupees
₹1,000₹20,00,000
years
1 year10 years
Interest Rate Comparison
Interest Rates by Tenure
General rates across different tenures
Current selection: 3 years (1095 days) -ESAF SFB: % |Muthoot Finance: %
Side-by-Side Rate Comparison
Direct comparison of general rates
ESAF SFB
Muthoot Finance
Highlighted = Your selected tenure
Feature Comparison
Features | ESAF SFB Private Sector | Muthoot Finance Private Sector |
|---|---|---|
Minimum FD Amount | ₹1,000 | ₹1,000 |
Current Interest Rate(Selected Tenure) | % | % |
Premature Withdrawal Penalty | 1% | 1% |
Official Rate Source | View Official Rates | View Official Rates |
ESAF Small Finance Bank
Private Sector Bank
Key Advantages:
Small Finance Bank with competitive rates
High FD rates up to 7.75% for senior citizens
Focus on financial inclusion
Digital banking services
Online FD booking available
Senior citizen benefits with +0.50% additional interest
Muthoot Capital Services Ltd
Private Sector Bank
Key Advantages:
NBFC with attractive interest rates up to 9.20% p.a. for senior citizens (Maturity Scheme)
Senior citizens get +0.25% additional interest on all schemes
Maturity Scheme (Cumulative Deposits) with annualized yield up to 10.08%
Monthly Income Plan, Annual Scheme, and Maturity Scheme available
Flexible tenure from 12 to 60 months
Guaranteed returns
Easy documentation process
Minimum deposit: ₹1,000
Deposits accepted only in the state of Kerala
Rate of interest for deposits above ₹3 Crores may vary
Non-Resident Senior Citizens not eligible for additional 0.25% interest
Important: Fixed Deposit Safety & Insurance Coverage
₹5 Lakh Insurance Limit
The Deposit Insurance and Credit Guarantee Corporation (DICGC) provides insurance coverage of up to ₹5 lakhs per depositor per bank. This means if you deposit more than ₹5 lakhs in a single bank, only ₹5 lakhs is guaranteed by the government.
⚠️ Recommendation:
Never deposit more than ₹5 lakhs in a single bank. If you have larger amounts, distribute them across multiple banks to ensure full insurance coverage.
Smart Distribution Strategy
For ₹10 lakhs: Split between ESAF SFB (₹5L) + Muthoot Finance (₹5L)
For ₹15 lakhs: Add a third bank to the mix
💡 Pro Tip:
You can also open FDs in different family members' names in the same bank to get additional ₹5 lakh coverage for each account holder.
Key Insights & Recommendations
Choose ESAF SFB If:
- •Minimum amount: ₹1,000
- •Private Sector banking preference
- •Small Finance Bank with competitive rates
- •High FD rates up to 7.75% for senior citizens
- •Focus on financial inclusion
Choose Muthoot Finance If:
- •Minimum amount: ₹1,000
- •Private Sector banking preference
- •NBFC with attractive interest rates up to 9.20% p.a. for senior citizens (Maturity Scheme)
- •Senior citizens get +0.25% additional interest on all schemes
- •Maturity Scheme (Cumulative Deposits) with annualized yield up to 10.08%
Best Strategy:
- •Split large amounts across both banks
- •Keep ≤₹5L per bank for insurance
- •Compare rates before investing
- •Consider branch convenience
- •Review rates periodically
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